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Huawei invests $15M in Bangkok OpenLab

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Chinese IT manufacturing giant Huawei plans to invest $15 million to set up OpenLab Bangkok to provide one-stop support to enterprises’ information and communication technology infrastructure, the company told local media last week.

This will be its seventh OpenLab after it launched in Suzhou, Mexico, Munich, Singapore, Johannesburg and Dubai. The new lab will be located at G Tower with total space of 2,000 square metres, which will be the largest lab outside China.

David Sun, president and chief executive officer of Southeast Asia region at Huawei Technologies said that this investment will be in line with the Thai government’s policy to drive digital transformation in the country.

OpenLab Bangkok will facilitate Huawei’s joint innovation and solution launches with its customers and partners in Thailand and other Southeast Asian countries, including the development of smart cities, public safety, smart grids, finance, education, transport, and Internet service providers.

The new lab will cooperate with more than 40 international and local partners such SAP, Microsoft, Chulalongkorn…

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DEALSTREETASIA Pte. Ltd. is a news and intelligence platform providing reports on investments, mergers, acquisitions, private equity, venture capital, investment banking and the business of startups across the Asian region.

DEALSTREETASIA Pte. Ltd. is a news and intelligence platform providing reports on investments, mergers, acquisitions, private equity, venture capital, investment banking and the business of startups across the Asian region.

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Investment

Thailand’s H1 Investment Applications rise 158% in combined value, BOI says

Japanese firms ranked first with 87 projects worth 42.8 billion baht, followed by investments from the U.S. with 18 projects worth 24.1 billion baht, and China with 63 projects worth 18.6 billion baht.

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In the first six months of 2021, Thailand’s investment applications increased 14% from the year earlier period in terms of the number of projects, and 158% in combined value, led by increasing foreign direct investment (FDI) applications, sustained growth in target industries including the electronics and medical sectors, as well as in power generation, the Thailand Board of Investment (BOI) said.

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Business

Large Shopping Malls in Bangkok Will Be Closed until July 25th

Shopping malls under the Mall Group, including all branches of The Mall, the Emporium, Emquartier and Paragon Department Store, are also closed for 14 days, from today, except for supermarkets, food courts, pharmacy shops, eateries (take-out and delivery only), banks, mobile phone shops and vaccination sites.

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BANGKOK (NNT) – Large-scale shopping malls in Bangkok and in some dark-red zone provinces are now closed for two weeks, to comply with the latest COVID-19 curbs in 10 provinces.

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